316 Old Turnpike RoadPlantsvilleCT06479
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Plantsville at 316 Old Turnpike Road, Plantsville, CT, 06479 priced at $290,000 converts $2,040/mo rent into $70/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $840/yr on $96,135 invested. Return on cash invested prints 20.78% in year one, and rental yield reads 8.44% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 108.3% and total cumulative return in cash sums $104,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06479, Plantsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 3,283 (78.9%) |
| Renter Occupied HU | 748 (18.0%) |
| Vacant Housing Units | 132 ( 3.2%) |
| Median Home Value | $416,419 |
| Average Home Value | $445,100 |
Housing Distribution
Address Breakdown
Residential
4,078
Single Family
4,063
Multi-Family
15
Businesses
338
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Listed by: Sam E. Ratner • Keller Williams Realty Prtnrs.
Mls Name: Smart MLS
Mls ID: #24125131